Bicycle insurance

Bicycle insurance designed for the way you ride

Your bike is uniquely yours. Your bicycle insurance policy should be too.

Transportation. Recreation. Fitness. Competition. Relaxation. Markel Specialty understands that each cyclist has a different reason for riding. And no matter what your reason is, we're here to provide you with customized insurance protection to fit your riding style.

Why do I need bicycle insurance?

Think your homeowners or renters insurance properly covers your bike? Think again. If you ever need to file a claim, you may be shocked to discover that your current policy is filled with exclusions and restrictions that limit what you can get in replacement costs for your damaged or stolen bike.

While it may be true that homeowners insurance personal property coverage could provide support for bicycle theft, some homeowners policies may have low coverage limits for things like sporting goods equipment. A low coverage limit combined with a high deductible means bicycle owners may be faced with the majority of the cost to replace their bikes. That's why having a separate bicycle insurance policy can provide better coverage for your bike.

See how an average homeowners insurance policy stacks up against Markel Specialty bicycle insurance:*

Don't wait until you file a claim to find out if you have the proper insurance protection for your bike. Get a free online quote today.

*Terms and conditions may vary. **Your homeowners coverage may not be designed to cover your bike at full replacement cost, typically actual cash value (ACV) is offered.

What can bicycle insurance cover?

Bicycle physical damage insurance protection
Covers repairs or replacement of your bike if it is damaged or goes missing. You pick the value limit of your bike, and we can cover things like vandalism, crash damage, or a collision with another rider. We can even offer insurance protection to you while racing. Deductibles range from $200 to $500.

At no additional cost, bicycle physical damage insurance protection can also include:

• Protection for spare parts and accessories - Up to $500 in coverage for spare parts and $500 for riding apparel per claim ($1,000 total per policy term).
• Replacement cost coverage - Your bike is insured at full value.
• Theft protection - At or away from home.
• Transit protection - Protects your bike while it's in transit (by land/air) to and from a location within the United States and Canada.

Worldwide physical damage protection
Optional worldwide physical damage insurance protection is available for when you travel outside of the US/Canada with your bicycle.

Bicycle liability protection
Bicycle liability coverage helps protect you if you are responsible for injuries or property damage to another person or their belongings while using your bicycle. Limits range from $25,000 to $300,000.

Vehicle contact protection
This added coverage gives you the insurance protection you need in case you are hit by a vehicle that doesn’t carry the proper insurance protection to cover your losses.

Medical payments
Cover your medical costs if you are injured while riding–up to your policy limit. Limits range from $1,000 to $10,000.

Roadside assistance
With this coverage, you can get nationwide 24-hour emergency service with up to 35 miles of transportation per breakdown–all for only $12 a year per bicycle.

Rental reimbursement
If you are competing in an organized ride more than 50 miles from home, Markel offers coverage for renting a substitute bicycle if your bike was damaged or stolen (up to $250 per occurrence) while at the event.

Competitive event fee reimbursement
Helps cover nonrefundable prepaid entry fees up to $500 ($1,000 total per policy term) if your bike is involved in a covered accident, and you are unable to compete or participate.

Markel now offers coverage for three classes of e-bikes:

• Pedal assist e-bike with top assisted speed of 20 mph
• Throttle assist e-bike with top assisted speed of 20 mph
• Pedal assist e-bike with top assisted speed of 28 mph

Electric bike motors must be 750 watts or under.